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Govt increases taxes on sugar and potatoes

Govt increases taxes on sugar and potatoes

Sri Lanka increased the import tax on potatoes by 10 rupees per kilogram and commodity levy of imported sugar by 12 rupees today (09).

However, the market price of sugar will remain unchanged, the Finance ministry says.

Potato tax hike was driven by the domestically grown harvest that will come in to the market, the Finance Ministry added in a statement.

Last modified on Thursday, 10 September 2015 20:22